Deasy Penner Podley's Market Report

Altadena, CA

Single-Family Homes

www.dppre.com | 626.795.6262 | info@dppre.com



Altadena, CA

Wed Oct 20 2021
This week the median list price for Altadena, CA is $1,229,000 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has increased to 30. Click here to stay informed with the Altadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Altadena, CA

Wed Oct 20 2021
This week the median list price for Altadena, CA is $1,229,000 with the market action index hovering around 75. This is less than last month's market action index of 81. Inventory has increased to 30. Click here to stay informed with the Altadena market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Altadena market.
Median List Price $1,229,000
Median Price of New Listings $1,424,500
Per Square Foot $743
Average Days on Market 35
Median Days on Market 25
Price Decreased 30%
Price Increased 3%
Relisted 7%
Inventory 30
Median Rent $3,950
Market Action 75
Strong Seller's Market

The market seems to have paused around this plateau. The Market Action Index is a good leading indicator for the durability of this trend.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$1,849,000 2,494 0.25 - 0.5 acre 4 3 72 2 1 7
$1,449,000 2,057 0.25 - 0.5 acre 3 3 67 0 1 42
$1,088,500 1,327 6,500 - 8,000 sqft 3 2 73 2 1 17
$849,000 1,162 6,500 - 8,000 sqft 2 2 84 0 4 28